Li Fuzhao's tenure as chairman of the Far Eastern Stock Exchange and chairman of the Hong Kong Stock Exchange after the merger of the four associations will certainly not be as clean as the White Lotus. But if you want to say that he has a serious corruption stain, it is also unlikely.

Although it is not in compliance with the practice of using the listing review right to obtain the placement right of a part of the new shares, most of the reasons should be attributed to the unspoken rules in the industry. Li Fuzhao has already taken the initiative to give up his position, if the Hong Kong government and the Independent Commission Against Corruption still want to hold on to these pigtails, it will be a bit of a deception!

Therefore, Li Xuan is not too worried about the risk of Li Fuzhao being settled by the autumn queen, and the benefits of hiring him as the chairman of Asia Securities Company are obvious. With Li Fuzhao's status and prestige in the Hong Kong securities industry, who is not allowed to avoid three points?

Even after Feng Yongxiang suddenly heard the news, his face changed several times. Li Fuzhao's joining Asia Securities Company is by no means good news for Sun Hung Kai. Although he has repeatedly said that Asia Securities will soon be able to surpass Sun Hung Kai Securities in an all-round way.

But that's just a kind of self-humble statement, as the so-called strong dragon does not suppress the snake, Sun Hung Kai Securities has accumulated a foundation in the past 20 years, and it is by no means possible to catch up with it all at once just by throwing money. At least for two or three years, Fung is convinced that Sun Hung Kai Securities' main enemy will remain HSBC's Victor.

But if Li Fuzhao joined Asia Securities, it would be completely different, because even Sun Hung Kai Securities had received a lot of favors from the other party back then. With Li Fuzhao's own connections, he can make up for the shortcomings of Asian securities.

This news also made Feng Yongxiang's choice a little more inclined in the direction of accepting Li Xuan's acquisition agreement! And the reason why Li Xuan asked Li Fuzhao for an answer in front of Feng Yongxiang was precisely because he was planning to knock on the mountain and shock the tiger!

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"Brother Quan, it's early!"

As soon as Liu Zhaoquan walked out of the subway station, he heard a shout behind him. He turned his head to see that his colleague Ah Rong was trotting briskly to catch up.

"Ah Rong, it's rare for you to come to the company so early today, and it's still more than half an hour before the start of work!" Liu Zhaoquan smiled and pointed to the watch in his hand and said, the other party has always arrived in seconds on weekdays.

"Hehe, I didn't go home last night. I had a spring breeze with a beautiful woman!People clocked in half an hour earlier than us, and I had to go out early in the morning, so I was naturally embarrassed to be alone in someone else's house!" Ah Rong smiled ambiguously, looking like you know.

Liu Shaoquan naturally understood, this Ah Rong is quite handsome, and he has the ability to please girls. So this kind of romance in the home of a beautiful woman can happen several times a month.

"Scum!" As soon as Ah Rong's voice fell, a girl's cold snort came from the side.

Liu Shaoquan turned his head to look and found that Gao Siqi, who was in the same office as them, was rolling his eyes at him. I can't help but feel a little embarrassed. Although he prides himself on being suave, he still wants to retain the image of a good man in front of his female colleagues who don't look up and don't look down.

"Did you hear a news over the weekend that 'God of Wealth Li's Asia Securities seems to be buying our company!" Liu Shaoquan stood up in time to change the topic.

"I also heard that yesterday I specially asked a friend who works in Asia Securities to inquire about the news, and their company did not have any clues before, it should be fake news!" Ah Rong immediately got off the donkey with the slope and echoed Liu Shaoquan's new topic.

My cousin works as a maître d'art in a high-end private club in Causeway Bay. Yesterday he came to my house to play, and the news was about it! Li Li, the God of Wealth, held a banquet in their club last week and invited our boss Feng Sheng to have dinner together. When the two of them left after dinner, there was talk and laughter!" Gao Siqi smiled mysteriously, revealing a big insider.

"Ah, is this good news for us?" Ah Rong said with some confusion, "although the salary of Asia Securities is one or two percent higher than ours. But the two companies have a lot of competing businesses, so shouldn't they lay off employees after the merger?"

Hong Kong's securities industry has been in a slump for more than two months since the "Black Monday" on October 19. For example, the stock markets of New York and London have quickly shown a gradual recovery trend after experiencing a sharp decline.

The Dow Jones Industrial Average in New York rose from its lowest point of 1,700 points to 2,000 points. The London FTSE index also fell from its lowest point at 1,600 points. It rose to 1800 points.

However, the Hang Seng Index of Hong Kong stocks has still fallen in the past two months, from 3,900 points before the "Black Monday" to only 1,870 points now, with a total decline of more than 50%. Investor confidence has been dealt a near-devastating blow in this round of stock market crash, which is an absolute disaster for Hong Kong's securities industry.

"Yes, our team and Asia Securities are still competing for the listing and underwriting business of Chuangda Electronics! Asia Securities' acquisition of our company is not just to eliminate competitors!" Gao Siqi also frowned and said.

"Don't scare yourselves, you two, can't you think about the bright side! If Sun Hung Kai is really acquired by Asia Securities, we can be regarded as employees under the 'God of Wealth Lee'!" Liu Shaoquan said calmly, in fact, he was also up and down in his heart.

When the three of them walked into the headquarters of Sun Hung Kai Securities in Alexandra Building, they immediately noticed a different atmosphere today. Everyone is enthusiastically discussing this heavy news that suddenly broke out in the Hong Kong securities market this past weekend.

Although Asia Securities has only been established for two years, it has quickly risen to become one of the top three securities firms in Hong Kong through frantic expansion. Asia Securities' fastest-growing business is investment banking, which includes underwriting IPOs and bond issuances.

Among all the enterprises in Hong Kong, most of the most urgent needs for listing financing are electronic enterprises. Because of the special relationship between Asia Securities and the Oriental Group, Hong Kong's electronic companies are willing to give priority to Asian Securities as their listed underwriters, so as to take the opportunity to get closer to the entire Oriental Group!

In the first nine months of this year before the crash, Asia Securities had conducted a total of 17 successful IPOs, almost two a month.

In contrast, Sun Hung Kai Securities' strength lies in its traditional brokerage business, which is what we often call stock trading. SHK Securities has the largest number of accounts opened in the industry and the number of shares traded by Sun Hung Kai Securities Securities. At one time, it could account for 20% of the total daily turnover of the entire Hong Kong stock market.

The general perception in the securities industry of the top three is that Sun Hung Kai Securities is on par with HSBC's Victory Securities, while Asia Securities is slightly weaker overall. However, if Sun Hung Kai Securities can merge with Asia Securities, the strength of the new company can completely overpower Torioli.

At 10 o'clock in the morning, the office of the president of Sun Hung Kai Securities suddenly issued a notice to all department managers and above. All went to the 12th floor of the Alexandra Building for a meeting. The entire office area of Sun Hung Kai Securities instantly became noisy, and no one could calm down and work quietly.

Many people suspected that the news of the merger and acquisition was fake news, after all, it was not an overnight affair for two leading companies in the industry to reach an acquisition agreement, and there would always be some clues beforehand. But now all indications suggest that this gossip may well be true!

Sun Hung Kai Securities employees didn't have to wait long, and after only half an hour, the managers of the various departments returned and confirmed to their respective employees that their companies would merge with Asia Securities.

A new company after the merger of the two companies. Changed its name to Sun Hung Kai Securities in Asia. Mr. Li Fuzhao will be the chairman of the board of directors of the new company, and Mr. Chong Pui Chung, the former president of Asia Securities, will be the president of the new company. The former president of Sun Hung Kai Securities, Mr. Fung Yongxiang, will be the executive director of the new company.

At half past twelve o'clock in the afternoon, when the Hong Kong stock market closed at noon, the news of the merger of Asia Securities and Sun Hung Kai Securities had spread throughout the Hong Kong stock market. The lightning merger of the two securities companies has surprised many investors!

It is only in a place like Hong Kong, where there is no anti-monopoly law, that things can go so smoothly. If only in the United States. M&A cases like this that are enough to change the pattern of the entire industry require the consent of the relevant government departments!

Asia Securities ended up with HK$200 million in cash. and the consideration of a 15% stake in the new company, the complete acquisition of Sun Hung Kai Securities from Fung Yongxiang. Sun Hung Kai Securities is valued at around HK$200 million, which means that 15% of the new company's stake is a premium profit for Feng Yongxiang.

Another more important benefit that Feng Yongxiang obtained from the merger and acquisition case was Li Xuan's full support for the Feng family's struggle for a controlling stake in Hong Kong-based International Bank. His father signed an equity transfer agreement with Arab banks in mid-January 1985. The share buyback clause is only valid for three years.

In other words, the Feng family had to activate the buyback clause before mid-January 1988. The urgency of time made Feng Yongxiang have no time, and he was worried about the transfer of Sun Hung Kai Securities. After Li Xuan offered a sincere price, he quickly nodded and agreed, and then began to prepare for the competition for Gangji International Bank.

“……

The downturn in the Hong Kong stock market is only temporary. Hong Kong's economy is now under a clear sky, and there is no reason for the capital market to continue to be cloudy and rainy! Therefore, on behalf of the merged Asia Sun Hung Kai Securities Company, I solemnly promise to all my colleagues in the company that the new company will only recruit people and will not lay off employees!

However, the merger of the two companies is by no means a superficial union, but a deep integration of all internal businesses! This will inevitably involve some employees, need to change their work address, and even work positions! If you have any comments, please feel free to communicate with your supervisor!

If you are still not satisfied with the supervisor's reply, you can continue to report the problem to his superior, until the problem is finally reflected to me! As long as it is everyone's reasonable demand, the company will try its best to meet it!

……”

This is the first e-mail sent by Chairman Li Fuzhao to all employees after the establishment of Asia Sun Hung Kai Securities! The merger of the two companies will inevitably cause some turmoil, and the most important task of the new management is to maintain as much as possible the loss of key employees while achieving internal integration.

You must know that after the merger of Asia Securities and Sun Hung Kai Securities, the most unsettling company is undoubtedly the company that is most disturbed. In fact, not only the company but also the entire HSBC group is feeling great pressure in the rise of the Eastern Group.

In particular, after the Oriental Group continued to exert its strength in the financial field, HSBC's influence in Hong Kong's capital market has been continuously reduced. However, the focus of HSBC's layout in recent years has been on the global market outside Hong Kong.

If the HSBC Group wants to fight back against the attack of the Eastern Bloc with all its might, it will inevitably interrupt the previous process of globalization. And this is an important strategy of the HSBC Group to deal with the 97 limit, and it cannot be shaken at all!

But if HSBC continues to draw blood from Hong Kong and enter markets such as North America and Europe, it is likely to lose control of Hong Kong's nest. In another time and space, HSBC first downplayed its role as Hong Kong's shadow central bank, and then moved its headquarters back to the UK in the 90s.

However, the Asian market, with Hong Kong as the support point, is still the most critical source of HSBC's overall profits. In another time and space, even after more than 20 years of global expansion, the pre-tax profit contributed by Hong Kong, a small place, can still reach a quarter of the total profit of the entire HSBC Group.

Now, with the constant challenges of Jiahua and Standard Chartered in the banking field and Asia Sun Hung Kai Securities in the investment banking field, if HSBC does not deal with it properly, its status as the "underground czar of Hong Kong" may really become a thing of the past! How to deal with Li Xuan's aggressive attack has become a headache for HSBC's new Taipanpo Weiss.

The development of the Oriental Group to the current scale, the overall strength is already above the HSBC Group. HSBC's only advantage is that it is more likely to say that the Governor and the Hong Kong government are on their side, but with the influence of the Eastern Bloc on Hong Kong, even the Governor of Hong Kong has had to compromise in many cases!

Moreover, the Eastern Bloc is not without any roots in British politics, and Li Xuan has sprinkled political cash in British politics in recent years through Baron Albert Hawke, the current chairman of Aikan. Both the Labour Party and the Conservative Party have co-opted a number of allies of interests in the Eastern Bloc.

Li Xuan has no intention of influencing the political situation in Britain, but he can still do it to ensure that his interests in Hong Kong and Britain are not infringed upon! Therefore, it is by no means easy for HSBC to exert pressure on the Eastern Bloc by means other than commercial competition!

To a certain extent, the offensive and defensive situation between HSBC and the Oriental Group actually reflects the overall tone of the competition between Chinese and British capital after Hong Kong entered a transitional period! Hutchison Whampoa, Wharf, Wheelock, Hongkong Land, Hongkong Electric, and Towngas, and other old British-funded enterprises have fallen into the hands of Chinese capital one after another.

Even those British-owned companies that have not been acquired have accelerated their withdrawal from Hong Kong. The former empire on which the sun never sets is on the Pearl of the Orient in Hong Kong, and this is the last sunset before sunset! Just when HSBC's senior had a headache for Li Xuan and his Oriental Group, Li Xuan also had a very headache!

As he and Lizhi's illegitimate daughter Xiaodoubao began to grow up, as a father, he naturally didn't want his own daughter to hide in the shadows. But he didn't know how to open his mouth to Zhong Chuhong!

The red flag at home does not fall, and the colorful flags flutter outside, which is known as the advanced realm of men's style. But what Li Xuan wants to challenge now is the hellish difficulty of carrying the colored flag home and planting it with the red flag! )